Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: T

TRADING COMPANY

Firm connecting sellers and buyers but does not own or store merchandise.

TRADITIONAL CONTRACTING

Common method of contracting where the client chooses service providers for design of work and asks for bids on construction work.

TRAIT THEORY

Measurement of a person’s patterns of habit, thought and emotions.

TREND ANALYSIS

Analysing method of time series data involving comparisons of the same item over a long period to detect general relationships with associated factors and to project the patterns future direction.

TRIGGER POINT

A change represented by crossing a threshold that will start a reaction and lead to a different end result.

TROUBLED DEBT RESTRUCTURING

Process where a lender, bank, modifies loan agreement terms that will minimise losing custom from customer’s who are incapable financially to meet previous terms.

TRUST ENFORCER

The appointed overseer of the trust acting on behalf of the trust.

TURNOVER

1. Accounting. (1) Volume of annual sales that is net of taxes and discounts. (2) Number of times an asset revolves or is replaced in a period of accounting. 2. Human resource

TYING ARRANGEMENT

Purchase agreement where a customer is forced to buy an unknown or slow moving product along with a well known and fast moving product.

TYPESTYLE

Thickness and stroke variations like bold, italics lending flexibility to appearance of type face.

TEACHING POINT

1. The smallest part of information that can be imparted as a self-contained unit to the learner.2. Singular statement of a fact or a step-in a process for performing a task.

TELECONFERENCING

Audio-visual or audio meeting between parties a long distance apart. See conference call and video conferencing.

TERM ENDOWMENT

Donated funds that need to be used during a set period of time.

TERMINATION CLAUSE

Contract provision allowing it to be terminated under certain circumstances. Also known as terminate provision.

TEST CRITERIA

Standard or benchmark where test procedures are compared to.

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